This module includes information related to using the General Ledger, Receivable, Payable, Payroll, and Inventory Accounting by using QuickBooks. The participant will also learn how to develop a standard set of financial reports.

Course Length

24 hours

Text Book

QuickBooks 2009 for Windows handouts and exercises prepared by Instructor

Method of Evaluation

• Practical Exercise 30%
• Participation 20%
• Final Exam 50% (minimum 65%=pass)

Competencies

Knowledge

• Know how to enter and post purchase orders, purchase invoices, and credit payments by
  using Vendor menu and Navigator
• Know how to enter and sales estimates, sale orders, sale invoices, and sales receipts in
  customer menu and Navigator
• Know how to enter; print and post pay cheques of employees by using employee menu and
  Navigator
• Know how to record sale and purchase of Inventory Items
• Know how to do Bank Reconciliation in QuickBooks

Skills

• Able to perform transaction processing related to (Cash & Credit) purchases and payments
  in Payable Module and (Cash & Credit) Sales and receipts in Receivable Module
• Able to process pay cheques for employees
• Able to perform Inventory and Project Accounting
• Able to develop a standard set of financial reports using QuickBooks

Accounting Software